Abstract
This proposal seeks to gather feedback from vlMGP holders on whether Magpie should support Penpie’s PIP #18, which proposes repurposing 5% of the PENDLE revenue allocation from mPENDLE buybacks to operational expenses. Additionally, it suggests implementing a 5% fee on bribes to further support Penpie’s operational sustainability. vlMGP holders’ votes will guide Magpie’s stance on this matter to ensure alignment with the community’s best interests.
Motivation
Penpie’s proposal aims to strengthen its financial stability and ensure long-term operational sustainability. As Penpie expands, the need for consistent funding to cover development, infrastructure, and operational costs becomes increasingly essential.
Redirecting the existing 5% PENDLE revenue allocation from mPENDLE buybacks to operational expenses will provide necessary resources to sustain and grow Penpie’s ecosystem. Additionally, the 5% fee on bribes introduces a new revenue stream to further support ongoing improvements and infrastructure.
Magpie, as a governance-focused platform, seeks to ensure that its SubDAOs operate efficiently and sustainably. This proposal gives vlMGP holders the opportunity to guide Penpie’s strategy by deciding whether to support these adjustments.
Specification
Vote on whether Magpie should support Penpie’s PIP #18, which proposes:
- Repurposing 5% of the PENDLE revenue allocation from mPENDLE buybacks to Penpie’s operational expenses.
- Implementing a 5% fee on bribes to support operational costs.